Ministry of Economy and Finance Announces Extension of Stamp Duty Exemptions and Concessions for the Transfer of Ownership or Possession of Real Estate
The Ministry of Economy and Finance (MEF) has announced the extension of the implementation of Notice No. 020 (dated December 31, 2024), and Point 1 of Notice No. 014 (dated October 9, 2024), regarding stamp duty exemptions and concessions for the transfer of ownership or possession of real estate.
In an announcement made on January 22, 2026, the ministry notified all property owners and members of the public that stamp duty exemptions and concessions for the transfer of ownership or possession of real estate valued at less than, equal to, or greater than USD 70,000 and USD 210,000, have been extended until December 31, 2026.
Two main points to note from the Ministry's announcement:
- (Regarding Notice No. 020) Stamp duty exemptions and concessions for First-Time Home Buyers or Transferees remain in effect. Those purchasing residential properties within Boreys or at condominiums in 2026 will also receive the tax incentives specified in Point B of Notice No. 020.
- (Regarding Notice No. 014) Stamp duty exemptions for the transfer of real estate ownership or possession, as detailed in Point 1 of Notice No. 014 covering tax incentives for the real estate sector, will continue to be implemented.
The Ministry announcement also clarifies that the aforementioned stamp duty exemptions and concessions are not retroactive and do not apply to taxes or administrative penalties that have already been paid.
